Daily Digest 9/2 - What A Nuclear-Free World Looks Like, What We Talk About When We Talk About Labor

Economy

As the Indian currency keeps sinking against the dollar, some economists say the Reserve Bank of India’s incoming governor might have no choice but to raise interest rates sharply, reminiscent of actions taken by U.S. Federal Reserve Chairman Paul Volcker in the U.S. in the 1980s.

Beginning in February 2009, U.S. Big Banks weren’t required to account for their assets (or liabilities) at “market value” (i.e. what people were willing to pay for them in the real world). Instead, the Banksters were allowed to do their accounting on the basis of what they thought their own assets should be worth.

Suddenly, the same corporations which had just all been bankrupted ten times over were able to pass a “stress test.” Of course that Cinderella Stress Test proved nothing about the solvency of U.S. banks. However simply being instantly able to cobble-together a façade of solvency did illustrate the magnitude of the fraud in this Mark-to-Fantasy accounting.

“If you work for a living, you’re labor, too!” So read the text of a full-page newspaper advertisement sponsored by the American Federation of Labor in the spring of 1947. As the anti-union Taft-Hartley Act was wending its way through Congress, the AFL tried to convince the general public that it represented everyone, not just unionized workers.

Prosecutors said Mr. Maroño had received more than $40,000 in bribes and Mr. Pizzi $6,750. The defendants, who were targets of an F.B.I. sting operation, are charged with “conspiracy to commit extortion under color of official right” and could face 20 years in prison if convicted.

Gov. Rick Scott suspended all three mayors while the criminal cases proceed.

The project comes to light at a time of vigorous public debate over the proper limits on government surveillance and on the relationship between government agencies and communications companies. It offers the most significant look to date at the use of such large-scale data for law enforcement, rather than for national security.

The rising prices in the Southern California zone look to be a direct result of the lost nuke. The California Independent System Operator Department of Market Monitoring reports that power imports to this zone have been rising to fill the gap. Causing "congestion" on this grid during 51% of operating hours.

Dr Dan Bebber from the University of Exeter said: "If crop pests continue to march polewards as the Earth warms the combined effects of a growing world population and the increased loss of crops to pests will pose a serious threat to global food security."

Gold & Silver

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

I have just walked out of some gathering of politicians, for fear of my tongue. I am hoarse from ranting at the empty room.

We were offered trinkets and baubles, we were exposed to the obscenity of watching a bought politician Bragging, nay, Crowing about enriching his Patron at the expense of the livestock in front of him.

Have they never heard of the Limits to Growth curves? Climate change? Expanding Hadley cells? Peak oil? Animal Farm?

Here is a synopsis of their plan. We are going to drop the carbon tax. We are going to not tax the giant mining companies-they don't like it. We are. . . crickets. I know- we will put in a table tennis table in the youth club. Now you can't be fairer than that, can you?